HOT MARKETS AT MID-YEAR — ECONOMIC DEFICIT DISORDER
Wrong are the economists. Home-owners are continuing to buy, sell and upgrade because it’s their only common investment option. And, after fixing up primary residences, some one-fifth are buying condos (+29 percent) or other second properties, especially among those “baby-boomers” who have recreation and retirement in mind.
Vincent Mallardi, C.M.C., is a the chairman of the Printing Brokerage/Buyers Association International (PBBA) and is a Certified Management Consultant in the paper, printing and converting industries. He is also an adjunct professor in economics. Contact him via email at vince@pbba.org
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